bank rates

TotalBank Still Atop 3-Month CD Rates

TotalBank has led our rankings of the best 3-month CD rates for four months now, even though its returns have been steadily declining.

The bank, which has 16 branches in the Miami area, was paying 2.55% APY when it claimed the top spot in June and 1.85% APY as recently as last month.

The Miami-bank leads our rankings of the best 3-month CD rates for the fourth straight month even though it's steadily reduced its returns.Now it’s offering 1.65% APY with a minimum deposit of $1,000, but that’s still good enough to lead our October rankings.

During that time, the national average for a 3-month certificate of deposit has fallen from 0.64% to 0.41%. That’s the lowest average since the survey we use began tracking 3-month CD rates in March 1989.

The other top nationally available CD rates are:

1.50% APY with a $25,000 minimum deposit from MetLife Bank, an online bank owned by the insurance giant featuring Snoopy in its ads.

1.50% APY from H&R Block Bank, the online bank owned by the income tax people, with a $5,000 minimum deposit. This offer expires on Nov. 9.

Click here to compare these rates with the best CD rates from dozens of other banks in our extensive database.

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Comments (2)
1 Star2 Stars3 Stars4 Stars5 Stars (7 votes, average: 5.00 out of 5)
2 Existing Comments
  1. Monica Knott said:
    on October 26th at 10:51 am

    The best deal right now is the six months CD with H&R Block Bank for 2%
    Also excellent service. (10,000)

  2. DealMaven said:
    on October 27th at 08:44 am

    The deal on the 6-month CD is no longer available. It’s now paying only 1.0%. Last week H&R Block swapped it out for a 3-month CD that pays 1.5%. This new special is available until Nov. 9.